Financial Services, Investments, Latvia, Technology
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Thursday, 18.04.2024, 11:01
Most of new start-ups operate in financial technologies sector in Latvia
BC, Riga, 13.11.2017.
Print version
Print versionInterest in financial technologies (fintech) is large among Latvians start-ups and 70% of the start-ups operate in fintech sector, said Jekaterina Novicka, the board chairwoman of the Latvian Association of Start-ups, cites LETA.
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In her words, last year the association had listed 240 start-ups in Latvia,
while after the first nine months of this year the number has risen to 320.
"The number of start-ups is growing very steeply, and 70% of these
companies operate in fintech sector. Interest about fintech sector in Latvia is
huge," she said.
Last September Novicka told LETA
that Latvian start-ups had attracted investments worth about EUR 110 million,
compared to EUR 330 million attracted by Estonian start-ups and EUR 140 million
attracted in Lithuania.
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